Casey’s Files Lawsuit

Casey’s General Stores Inc. on Friday, June 11, filed a complaint in the U.S. District Court for the Southern District of Iowa against Alimentation Couche-Tard Inc., alleging that Couche-Tard violated federal securities laws in connection with its unsolicited tender offer to purchase all of Casey’s outstanding shares for $36.00 per share in cash. As announced

Iowa Helping Casey’s Fight

What a difference location can make. Casey’s, one of 12 public companies incorporated in Iowa, should be thankful right now it’s not incorporated in, say, Delaware where it might not have an much latitude to defend itself form Couche-Tard’s hostile bid. In the New York Times, Steven Davidoff, writing as The Deal Professor, who weighs

Casey’s Urges Shareholders To Reject Bid

Ankeny, Iowa -based Casey’s General Stores Inc. is telling its shareholders to reject the hostile $1.9 billion buyout offer from Alimentation Couche-Tard, the Associated Press reported. Casey’s board said the $36-per-share bid from Canada’s Couche-Tard Inc. is too low and isn’t in Casey’s best interest. In a statement Tuesday, Casey’s CEO Robert Myers called the

ISU Wins Krause Challenge

Kum & Go L.C. announced that Iowa State University is the 2010 winner of the Krause Challenge. Launched in 1998 by W.A. Krause, founder and chairman of Kum & Go, the Krause Challenge gives finance students at The University of Northern Iowa, Drake University, Iowa State University and the University of Iowa real world investment

Casey’s Debuts on Fortune 500

Ankeny, Iowa-based Casey’s General Stores has made its first appearance in the Fortune 500 list, the Des Moines Register reported today. The c-store chain debuts at No. 485 on Fortune magazine’s annual ranking of the country’s 500 largest corporations by revenue. The list is in the May 3 edition, which is hitting mailboxes now. Bill

United Way Honors Kum & Go

Kum & Go L.C., received the 2010 Organization Give Award at the 2010 LIVE UNITED Recognition Luncheon.  Kum & Go has been an active participant in the United Way of Central Iowa’s annual fundraising campaigns.  “We were very excited and honored to receive the 2010 Organization Give Award from the United Way of Central Iowa

Casey’s Acquires 10 Holiday Stationstores

Just days after publicly rejecting Alimentation Couche-Tard’s unsolicited bid, Akron, Iowa-based Casey’s General Stores Inc. announced that it will be the one making an acquisition. Casey’s is purchasing 10 Holiday Stationstore convenience stores in Nebraska and Iowa, Bill Walljasper, senior vice president and CFO of Casey’s told the Omaha World Herald. Casey’s, which operates 1,500

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